WINDSOR, Conn.–(BUSINESS WIRE)–Sept. 23, 2003–SS&C Technologies, Inc. (Nasdaq: SSNC), a leading provider of e-investment solutions to the credit union industry, today announced that it hadsigned a seven-year agreement with U.S. Central Credit Union. As a new alliance partner, U.S. Central will market SS&C’s Internet-based PortPro(R) Bond Accounting Service to its member corporatecredit unions.
“We are pleased to be selected by U.S. Central to deliver PortPro bond accounting services to its members,” stated Bill Stone, CEO of SS&C. “We continue to expand our presence in the credit union industry by developing customized solutions which handle unique securities and other processes which give our partners competitive advantages. We are confident U.S. Central members will find PortPro to be efficient, affordable and easy-to-use.”
According to Carol McLaury, U.S. Central’s vice president of corporate technology services, PortPro provides members a comprehensive, Internet-based investment accounting package. “After conducting an extensive search, we determined that SS&C’s PortPro system provides the best combination of features required by our member corporates. SS&C’s willingness to provide a unique database for corporate credit union investments set them apart from other ASP providers, and PortPro will complement U.S. Central’s core processing system solution currently in development.”
About PortPro
PortPro offers financial institutions of all sizes a complete and affordable bond portfolio accounting solution. Using a browser-based interface, PortPro provides desk-top access to bond administration and information. Flexible reporting can be customized with summary management information and drill-down detailed reports. PortPro also includes a complete accounting report tool set, generating accounting summaries for AFS, HTM and trading accounts, duration distribution summaries, maturity distribution reports, portfolio value and yields summaries.
About U.S. Central Credit Union
U.S. Central Credit Union, located in Lenexa, Kansas, is a wholesale financial center for corporate credit unions with nearly $40 billion in assets. Founded in 1974, U.S. Central provides members with extensive investment, liquidity, and cash-management products and services; risk-management and analytic capabilities; settlement, funds transfer and payment services; and safekeeping and custody services. For more information, visit www.uscentral.org.
About SS&C Technologies, Inc.
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. With a global client base that manages over $4 trillion in assets, each of the products in SS&C’s suite of highly specialized solutions is in the top tier of competitive offerings in the marketplace. By leveraging expertise in common investment business functions, SS&C cost-effectively serves clients in the different industry segments, including: 1) commercial lending, 2) financial institutions, 3) hedge funds and family offices, 4) insurance entities and pension funds, 5) institutional asset management, 6) municipal finance and 7) real estate property management. SS&C is publicly traded on NASDAQ under the symbol “SSNC”. Additional information is available at www.ssctech.com.
